Choose the right answer
Maximum allowable interest on housing loan on self occupied
property is
1.30000/- 2.100000/- 3.150000/-
Answers were Sorted based on User's Feedback
Answer / sowmya
it depends ....
if all the follg.3 conditions are satisfied then max.
allowable amt.rs.150000 &the conditions are--
1.loan must be taken for purchase/construction
2.loan has to b taken on/after 1/4/1999
3.purchase/construction should get completedwithin 3yrs
from the end of the previous year(i.e 31/3) in which it is
taken
in all other cases max. deduction is rs.30000
Is This Answer Correct ? | 3 Yes | 2 No |
my boss (Managing Partner of a firm) promoted along with his wife a private limited company. he and she spent some Rs. 75,000/- (approx) for the promotion of the company. i know that they usually fall under the head of preliminary expenses. but after receiving the certification of incorporation of the company how shall i repay them to the promoters i.e. what is the accounting entry in the books (initial books of accounts) for the expenditure incurred. they have kept in hand 5,00,000/- each to meet the expenses and they were allotted shares of equal to the amount. can i allot shares for a consideration of cash from and excluding the preliminary expenses. can i take cash towards the share application money (being the cash more than Rs. 20,000/-) as the company has not opened a bank account yet. please give me the detailed answer with journal entries that can be entered in tally. thank you.
im preparing for the sbi clerical post please send me the solved questions.
what is goods in transit and how to pass an entry
What is the journal entry of.Tds. ?
what are the rules and regulations of junior accountant
Expand-------CRDN
under what circumstances, a realisation account is prepared. tell all the situations
WAT IS THE DIFFERENCE BETWEEN JOINT VENTURE & PARTNERSHIP
What is Working Capital?
Answered but misspelled pl correct accounting measures past performanceof the business entityand depicts the current financial position (Ans.MMEEEASURNT)
What is fixed liabilities
Hai i am mathi Preparing for bsrb clerical examinations.If anybody had that please mail me at mathiy@rediffmail.com